Archives for November 2017

November 30, 2017

The Japanese industrial production is recovering slightly in October. Compared to the previous month, it jumped by 0.5%, according to the preliminary data from the Ministry of Commerce. However, growth is below the median market expectations for a 1.9%. Also the Ministry of Commerce revised the decline for September to 1%. Although October’s results are

The number of Americans applying for unemployment benefits decline again during the Thanksgiving week, indicating the strength of the labor market. The Labor Ministry reported that the number of unemployment claims has fallen by 2000 last week to 238,000, taking seasonal factors into account, remaining close to the 40-year minimum reached last month. The four-week

German retail sales surprisingly dropped in October 2017, according to official statistics office Destatis. This is one of the rare signs of weakness in the leading European economy. Retail sales fell in October by 1.2% compared to September. The expectations in the financial markets were for growth of 0.3%. This represents the most robust contraction

The OPEC+ quota deal was extended with another 9 months til the end of 2018. The OPEC members, plus external major oil producers, set limit of oil yields, aiming to rebalance the super-saturated commodity market, but reducing the global reserves. Saudi Arabia, Iraq and Iran, which are the three largest exporters in OPEC, said earlier

The Eurozone inflation rate is expected to accelerate slightly in November to 1.5% from the previous month when it was at 1.4%. This is the preliminary estimates of the European Statistical Office Eurostat. Despite a slight rise, however, the growth did not meet the expectations of analysts expecting an increase of 1.6%. The main push

The EU unemployment slightly decreased in October 2017, reaching 7.4% compared to 7.5% in September. On an annual basis, however, there was a more significant decrease compared to 8.3% in October 2016, representing a difference of 0.9 percentage points. This is the lowest unemployment rate in the region since November 2008. The unemployed citizens in

The unemployment in Bulgaria remains stable in October 2017, standing at 6.1%, according to the latest Eurostat seasonally adjusted data. The unemployment rate in Bulgaria has remained stable over the past four months, ranging between 6.1% and 6.2%. On an annual basis, there is still a significant decrease, from 7.0% unemployment rate in October last

Switzerland economy expanded in Q3 2017 at its fastest pace since the country lifted its currency restrictions. The exports have supported growth, suggesting that the economy enjoys positive side effects from the rise of the Eurozone, which is Switzerland’s largest trading partner. The Eurozone is growing at the fastest pace in a decade, which seriously

The trade between Russia and China should reach 66 billion USD in 2017, but also continuing to grow in further decade. This was assured during the meeting of the Russian President Vladimir Putin with the Chinese Prime Minister Li Keqiang, where were discussed the trade relations and investments in both countries. Putin noted that the

November 29, 2017

Eurozone economic outlook is improving in October 2017 for the sixth consecutive month to its highest level of over 17 years, according to a study by the European Commission. The rise in the index from 114.1 points in October to 114.6 points in November shows that economic recovery remains strong despite political instability in Germany